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the dictator and they haven't had the jobs in 18 months. were they angry at now? the united states. gerri: we are a target, that's for sure. michael? >> that's not correct. what they wanted was us out of the region out of posy -- >> we have to realize that these people have been emboldened because president bush and obama chose to lose two wars. >> look, we are dealing with religious fanaticism. we have an ambassador in libya that are happening that helping the people put together the purpose of the attacks, which is to cause the united states to pull back from the region and pullback from vital interest that we have there, protecting israel and securing supplies of oil and natural gas from the producing countries. that is what they want. as this spreads across the region, it can have a profound economic impact worldwide as we see the price of oil already going on. gerri: absolutely. there are all kinds of impacts. i want to talk about the president today. telling telemundo that egypt is not an ally. would you make of that k.t. mcfarland? >> does is really tearing through. we thought qadhafi
tune in tomorrow, melissa francis will be live from the energy capital of the united states, houston, texas. it is part of our series "open for business." you don't want to miss out on the fox business network. take care. gerri: hello, everybody, i am gerri willis. a newly obtained report from the department of homeland security showing calls to burn down the u.s. embassy in cairo. two days before the protest took place. the cairo demonstration was the first of the anti-american protests which continues to raise across the world with no end in sight. time for u.s. to close the floodgates of the foreign aid to these countries. with more on this, ran poll of kentucky. welcome to the show, great to have you here. first i want your reaction to the department of homeland security report that says threats reach the u.s. two days before the protests started. >> i'm quite concerned if there was any warning if we paid or didn't pay attention to the warning and also concerned in egypt the egyptians said the mob is coming but didn't send any troops to defend our embassy. that has to be
-term because people still consider the united states the safest and greatest country on earth, rightfully so. it is a problem long-term and even medium term. gerri: the number the president was trying to find, 16 trillion. he says it doesn't matter. does that matter to the american people? >> on the former, the question was ambiguous enough the president to not have known what he was talking about although we did not ask for a clarification. on this question if there are short-term problems with our debt, that is an incredible thing for the president of the united states to say when we are accumulating $4 billion per day on debt, just interest on the debt, that is a very serious short-term damage to the country, to the economy, what have you and for the president of the united states to pretend that doesn't matter, not even talking about the fact we were just downgraded again by another ratings agency, just talking about the sheer numbers on our debt on a daily basis, that is a short-term problem in a short-term catastrophe. gerri: here is the president. >> i think the trick is figuring out
should be the response to this? >> well, the united states cannot afford to flee under fire. in libya, i think president obama's actually doing the right thing by sending in additional marines and maintaining our dip -- diplomatic presence. e just a minute -- egypt is another question, however. it's the accountability at best that the egyptian government was negligent. the idea that the united states has to subsidize governments like this is a question which many people ask back in washington. gerri: michael, we are subsidizing that government. as a matter of fact, we decided to forgive a billion of debt they owe us. >> well, one of the big policy questions that's looming over the horizon is whether egypt is too big to fail much since the arab sprang began, egypt lost more than two-thirds of the hard currency reserves. initially, the arab spring was about economics, accountability, corruption. it's clear that islamists have hijacked it. they were caught by as much surprise as the united states has. the question is if we keep subsidizing the egyptian government, do we, in effect, give the
international indebtedness. if the united states economy is not as strong as it has been in the past, we cannot protect our values around the globe, and we cannot negotiate with bankers. this gives us serious weaknesses on the economic and national-security front. the ultimate insult, we handed to the next generation that had no safe in the kinds of things we have seen go on and ask them to pick up the bill, and that seems like a gross injustice and mass. gerri: i want you to respond to something, david axelrod, the president's base of riser said about this and why the president is doing the right thing. here he is. >> the president's plan would do what the simpson bowles plan would do, cut the deficit by $4 trillion, reduce attack under our deficits down to 3 percent of the gross domestic product which is what everybody agrees we need to stabilize the debt. then we will be in a position to begin reducing it further. gerri: what do you make of that. >> perfect except for a couple of flaws. we have not seen the growth and are not likely to get the kind of growth that they assume in those budget
? >> the united states cannot afford to flee under fire. , should send in additional marines to maintain the diplomatic presence. this raises questions of the accountability of government at best at worst it was complex set. for the united states to subsidize the government is of the blast in washington and. >> but we are. we just decided to forgive $1 million of debt that they owe us back a policy question with egypt is too big to fail. it has lost more than two-thirds of hard currency reserves. at first it was about economics and corruption. they were caught by surprise like the united states. if we keep subsidizing the egyptian government do we give them free rein? remember egypt's president has not apologized the way the libyan president has. gerri: we have a long way to go. byron,, mitt romney responded to the embassy comment in cairo condemns the continuing efforts of individuals to hurt the religious feelings as religious believes is the cornerstone of american democracy. we reject the actions of universal free-speech to hurt others. romney said falling that. >> day clearly send m
Search Results 0 to 5 of about 6

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